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♪ >>> jakarta. the capitalofindonesia. it'ssaid to be the world east most congested city. although gentleman car the's population is dense, standing at oornd 10 million, it still lacks an adequate public transport network. when traffic is gridlocked, motorbicycles are the quickest way of getting around. local residents have come to rely on them as a primary mode of transport. in fact, a new motorbike business is rapidly expanding. motorbike taxis. paying customers sit behind the driver. there are now hundreds of thousands of motorbikes taxis nationwide. the brisk expansion of the business is down to the development of a new smartphone application. using the app, customers can call a motorbike taxi with ease. it was first made available in january, 2015, gaining widespread popularity. indonesia's first-ever online motorbike taxi service was started by a young entrepreneur. >> hello. >> medine. his innovations captured the attention of the indonesian president. in this episode of "asia insight," we follow the speedy growth of indonesia's online motorbike taxi business. this

♪ >>> jakarta. the capital of indonesia. it's said to be the world east most congested city. although gentleman car the's population is dense, standing at oornd 10 million, it still lacks an adequate public transport network. when traffic is gridlocked, motorbicycles are the quickest way of getting around. local residents have come to rely on them as a primary mode of transport. in fact, a new motorbike business is rapidly expanding. motorbike taxis. paying customers sit behind the...

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indonesia, butthe question is, can they keep growing beyond those markets? investors are skeptical. all of us use some kind of chat app, and once they start using the chat app, you kind of stick with it, and is there any reason for people outside the core markets to start using line? that will be the key question, keep adding users, and if not, can it monetize existing users more? yvonne: that's true. too many out there, these messaging apps. we will see how things go for the rest of the day. this hour,ater on through the haze bang, singapore says it will cooperate with indonesia to solve their annual pollution problems. plus, china stabilizes through the second quarter, but our next guest says there are clear kleins -- clear signs of a slowdown. ♪ yvonne: the overseas advisory arm of bank of communications may be planning ipo in hong kong. it is considering listing by the first quarter of next year. it has asked investment banks to submit proposals. we are told the shares could raise about $200 million, and the deal would make bocom the first of china's five largest lenders to invest. s

indonesia, but the question is, can they keep growing beyond those markets? investors are skeptical. all of us use some kind of chat app, and once they start using the chat app, you kind of stick with it, and is there any reason for people outside the core markets to start using line? that will be the key question, keep adding users, and if not, can it monetize existing users more? yvonne: that's true. too many out there, these messaging apps. we will see how things go for the rest of the day....

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malaysiaandindonesia. theymay want to weigh in on this subject. that. be getting we know when they had their summit in china around a month ago they were divided. they put out a statement and then retracted it. other events, north korea. they want to push their concerns about the nuclear program. tensions are high over that antimissile system being put in place. russia as well. it is possible we have heard rumors there may be bilateral .alks between chancellor merkel the focus may likely be on sanctions. and topics of trade have been dumped down the list. there is a drive to encourage asian investment in infrastructure. >> plenty on the agenda. is that going to be another concern? >> that will be a topic in discussion as well. britain has not sent a foreign minister. the ambassador was here. the foreign minister's poorest johnson. there may be discussions about his ability. we heard fairly strong words from france accusing him of lying to the british people. the spanish foreign minister maybe commenting. the spanish gibraltar is an issue. the brexit vote means coke control or co-ruling

malaysia and indonesia. they may want to weigh in on this subject. that. be getting we know when they had their summit in china around a month ago they were divided. they put out a statement and then retracted it. other events, north korea. they want to push their concerns about the nuclear program. tensions are high over that antimissile system being put in place. russia as well. it is possible we have heard rumors there may be bilateral .alks between chancellor merkel the focus may likely be...

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looking at japan, taiwan , thailand,andindonesia. thoseare the priority markets. tech listingiggest this year, 10 times larger than the next one. a fairly impressive first day. let's move things along and have a look at shares of fast retailing. also on a chair this friday. better by 16%. largest jump in 13 years. income talking as -- income topping estimates despite the fact that the company lowered its four-year guidance on that income. -- net income. it peaked at ¥60,000 a share this time 12 months ago. we are still down 43%. just in case you think it is cheap, you are looking to get in, here is what analysts are saying. uy,are looking at 5 by three hold, one cell. consensus reading 3.42, some of the most bullish, more of a hold. 32,807 yen aat share, about ¥700 higher than current levels. what's talk about nintendo. the magical run continues. shares up 4% or 5%. what are we doing now? 66%. tos actually takes gain north of 80%, taking shares back to the highest level since of0, down to the success pokemon go, which launched in the u.k. on thursday. analysts are looking at this,

looking at japan, taiwan , thailand, and indonesia. those are the priority markets. tech listingiggest this year, 10 times larger than the next one. a fairly impressive first day. let's move things along and have a look at shares of fast retailing. also on a chair this friday. better by 16%. largest jump in 13 years. income talking as -- income topping estimates despite the fact that the company lowered its four-year guidance on that income. -- net income. it peaked at ¥60,000 a share this...

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executed. but onfriday,indonesia'sattorneygeneral said the executions will be suspended pending further review. >> translator: this suspension was decided upon after a comprehensive assessment and careful thought to avoid any possible mistakes from the judicial and nonjudicial aspects. >> prasetyo denies any diplomatic pressure for the decision, although the indian and pakistani governments had said they would do their utmost to save their nationals. >> we have taken up the issue with the international government appropriately through diplomatic channels and also at the political level. rest assured that we have made every effort at every level. we are making continuous effort, and we are not going to give up until the last moment. >> on thursday, u.n. secretary-general ban ki-moon called on indonesia to not carry out the executions. in a statement, he said the united nations opposes the use of capital punishment in all circumstances. however, ban also said under international law, if the death penalty is used at all, it should only be imposed for the most serious crimes and tha

executed. but on friday, indonesia's attorney general said the executions will be suspended pending further review. >> translator: this suspension was decided upon after a comprehensive assessment and careful thought to avoid any possible mistakes from the judicial and nonjudicial aspects. >> prasetyo denies any diplomatic pressure for the decision, although the indian and pakistani governments had said they would do their utmost to save their nationals. >> we have taken up...

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shaperfromindonesia. reporter:every morning esri nurhani prepares the food she'll later be selling at the market. she's a micro-entrepreneur. her snack bar ensures s her an income with which she supports her family. today she has a guest, 29-year-old andi taufan. he recently gave her a small loan so she could start her business. esri nurhani invested in cooking utensils and basic ingredients. esri: every day i spend around 150,000 rupiahs and sell the food for 200,000, so my profit is around 50,000. reporter: 50,000 rupiahs a day are the equivalent of almost 3 euros 50. it's not much, but it's enough to make ends meet. andi taufan has s helped many people build up a livelihood. his organization offers microcredit to groups that organize themselves. andi: engage them with us. try to invite them to participate and to make them accountable. the way we c can do it is by creating a s sial controrol by credit groups. the group mechanism can ensure that every members can also taking care of each other. reporter: the loans go mainly to women. taufan founded his organization, amartha, six y

shaper from indonesia. reporter: every morning esri nurhani prepares the food she'll later be selling at the market. she's a micro-entrepreneur. her snack bar ensures s her an income with which she supports her family. today she has a guest, 29-year-old andi taufan. he recently gave her a small loan so she could start her business. esri nurhani invested in cooking utensils and basic ingredients. esri: every day i spend around 150,000 rupiahs and sell the food for 200,000, so my profit is...

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credit growth. the two that stand out in those terms are the europeansandindonesia. that,rkersare telling us the currency is doing well, the equity markets have rallied. those are the countries that have the biggest scope for improvement. rishaad: and the biggest of for infrastructure improvements on the fiscal side. >> that is right. in the philippines, the new administration has very aggressive plans on fiscal spending. thisre looking to double goal infrastructure spending over the coming year and that will provide a big boost to growth. rishaad: want to worry about chris mark lyons we worry a little bit about the countries with high debt that our export-exposed. malaysia for example with debt ratios high. export dependent. we see growth decelerating. it is one of the reasons why be and am surprisingly cut interest rates last week, to cushion that. and korea, highly export dependent. rishaad: thank you so much for joining us. we're going to take a break. donald trump nomination making headlines. republican presidential candidate now and it is official. kicking up quite a bus on

credit growth. the two that stand out in those terms are the europeans and indonesia. that,rkers are telling us the currency is doing well, the equity markets have rallied. those are the countries that have the biggest scope for improvement. rishaad: and the biggest of for infrastructure improvements on the fiscal side. >> that is right. in the philippines, the new administration has very aggressive plans on fiscal spending. thisre looking to double goal infrastructure spending over the...

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, bangladesh,andindonesiaundercovers the brutal exploitation of people and the environment for profit. they are fishing illegally on thailand's coast. crossed over 50 species of fish come including giant starfish, seahorses, and j juvenile seaea snakes. most of the catch is not good for consumption. it would be used to feed farm animals. it is sold to supermarkets in restaurants around the world. link tv and a college is visited thailand to investigate links -- link t tv and others visited thailand to investigate links. industrial agriculture promote to stop as a sustainable solution for the problems of fishing. many of the so-o-called fish are pulled from the ocean around southeast asia with devastating effects. these small and young edible fish are left to rot in the halls of vessels for days on weeks on end before being handled. fleets of t trucks and sport tos of rotting f fish on each vessel on the processing plants where they are ground down and wash and cooked intnto powdered fish fafar for food ---- fish flowerr foodod. alalongside thee species on fisg vessels, the sear

, bangladesh, and indonesia under covers the brutal exploitation of people and the environment for profit. they are fishing illegally on thailand's coast. crossed over 50 species of fish come including giant starfish, seahorses, and j juvenile seaea snakes. most of the catch is not good for consumption. it would be used to feed farm animals. it is sold to supermarkets in restaurants around the world. link tv and a college is visited thailand to investigate links -- link t tv and others visited...

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to berrytoindonesiawherehe was exposed to the islamic world, even though he did attend a catholic school in first grade. according to his half sister, barack obama attended his half brother's wedding in the '90s, malik obama was a muslim. "the factor" has attained pictures from that wedding, which we believe was held in maryland. details on the ceremony, the location, whether the reports that barack obama was the best man are very difficult to verify at this point. what we can tell you with certainty is that barack obama has deep emotional ties to islam. >> as a boy, i spent several years in indonesia and heard the call of prayer at the break of dawn and at the fall of dusk. as a young of man, i worked in chicago communities where many found dignity and peace in their muslim faith. >> now, to some extent, i can identify with president obama on the religion issue. as a roman catholic, i was appalled when the priests pedophilia scandal broke. there's absolutely no excuse for the catholic church covering up many horrendous crimes. however, like barack obama, i do make the di

to berry to indonesia where he was exposed to the islamic world, even though he did attend a catholic school in first grade. according to his half sister, barack obama attended his half brother's wedding in the '90s, malik obama was a muslim. "the factor" has attained pictures from that wedding, which we believe was held in maryland. details on the ceremony, the location, whether the reports that barack obama was the best man are very difficult to verify at this point. what we can...

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somewhat after the brexit vote. that's helping to boost local currencies and stocksintoindonesia, thailandand singapore. today we may see some trading as markets in the u.s. will be closed as many taking an early weekend for the independence day celebrations. that's all from me. back to you. >> all right, ramin, we'll touch base with you in a few hours' time. >>> now, more and more people are making the switch to l.e.d.s, energy-efficient lights are an obvious way to save money, so product developers never sit still. they're looking for ways to shine the light into a whole new space. >> reporter: a tokyo art gallery. you can hear music, but where are the speakers? the soothing sounds are coming from a vibrating l.e.d. lamp. a tiny light and sound show beaming from above. ♪ >> translator: this functions as a lamp and as a speaker. i decided to use it because it doesn't stand out and distract from the works of art. >> reporter: a major electronicsmaker is setting the mood. it started selling the dual lamp/speaker last month. a peek inside shows the speaker mounted in front of th

somewhat after the brexit vote. that's helping to boost local currencies and stocks into indonesia, thailand and singapore. today we may see some trading as markets in the u.s. will be closed as many taking an early weekend for the independence day celebrations. that's all from me. back to you. >> all right, ramin, we'll touch base with you in a few hours' time. >>> now, more and more people are making the switch to l.e.d.s, energy-efficient lights are an obvious way to save...

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seized a number of chinese fishing boatsinindonesia'sexclusivezone in the south china sea. that public opinion china is weighing heavily on the government. they say the ruling might trigger a fierce backlash. beijing pa will find a way to walk a thin line. >>> southeast asian countries with their own disputes with china are reacting. vietnam welcomed the decision. a foreign ministry spokesperson said the country strongly supports settling by peaceful means. indonesia's foreign minister says all pararties shouldd resp international law. other asean members have been keeping quiet. the foreign ministers drew up a joint statement last month expressing serious cononcerns o the dispute. but they decided not to release itit after meeting with chchines offificials. exexrts say c countries likike cambodia will remain opposed to any joint action by asean members that would defy china's claims. >>> japanese officials have been struggling to find a way to -- the crippled nuclear plant. experts are for the first time suggesting the possibility of sealing the facility just like chernobyl. th

seized a number of chinese fishing boats in indonesia's exclusive zone in the south china sea. that public opinion china is weighing heavily on the government. they say the ruling might trigger a fierce backlash. beijing pa will find a way to walk a thin line. >>> southeast asian countries with their own disputes with china are reacting. vietnam welcomed the decision. a foreign ministry spokesperson said the country strongly supports settling by peaceful means. indonesia's foreign...

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have caught up, and they need expand out of their home markets in japan, taiwan,andindonesia. lookingat the penetration there , users in those areas who use messaging apps, 80% to 90% use line. in the u.s., only 12%. so what is next? that the big thing that investors here in the u.s., where two thirds of the shares will be listed, will pay go byion to, so that will the way of what happened with twitter today, with questions of growth and a big selloff in the stock. emily: line is popular in some interesting and unexpected countries. saudi arabia, for example. they are looking to expand heavily in the middle east, in emerging asian countries, indonesia, taiwan, thailand. give us the local perspective on line. who is using this app, and why? it has a very different business model from the model that has been at whatsapp and facebook messenger, in that stickers are very important, there is gaming, streaming media, and a lot of other things. >> well, you said an interesting thing, business model. to some extent, line is the only one that actually has a business model. whatsapp, etc., the

have caught up, and they need expand out of their home markets in japan, taiwan, and indonesia. looking at the penetration there , users in those areas who use messaging apps, 80% to 90% use line. in the u.s., only 12%. so what is next? that the big thing that investors here in the u.s., where two thirds of the shares will be listed, will pay go byion to, so that will the way of what happened with twitter today, with questions of growth and a big selloff in the stock. emily: line is popular in...

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. in terms of asia, we see bull markets already at the heart ofit.indonesiaturninginto a bull market as well. you mentioned the tax amnesty last week. what kind of impact to that have on gdp? could that really reflect in stocks? >> i think it is already reflecting and stocks. one reason indonesia performed well was undoubtedly because of that. it helps the government's finances and should help the consumer. a lot of the stocks we like our consumption stories, which is true across the region, because of this growth in the middle class in asia. that's the real story for us, and indonesia is definitely a country which would give it. yvonne: thank you so much. stick with us. betty sutherland, joining us from fidelity. coming up, tensions escalate in the south china sea as there are formal protests launched against china. this is bloomberg. ♪ yvonne: welcome back. a formal protest after a chinese frigate entered waters around islands claimed by tokyo and beijing. it's the first time a warship has joined the game of cat and mouse around the chain. last month, tokyo made another fo

. in terms of asia, we see bull markets already at the heart of it. indonesia turning into a bull market as well. you mentioned the tax amnesty last week. what kind of impact to that have on gdp? could that really reflect in stocks? >> i think it is already reflecting and stocks. one reason indonesia performed well was undoubtedly because of that. it helps the government's finances and should help the consumer. a lot of the stocks we like our consumption stories, which is true across the...

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never. mccarthy: it happened in el salvador andguatemala,indonesia, inththe philippipin. we covered 15 countries in our first r report. the next year, by 1981 and 1982, we could list many people whose lives s had been saved becauause we were able to get aa cable to the government telling them that we had information that this person has been kidnapped, and they needed to release himim. and that hadad worked and still works today for many, many people. ramcharan: he was by far the greatest human rights leader the u u.n. has ever had. that's what i would say. van boven: i've always felt that our primary duty is towards the peoples in whose name the united nations charter was written. and i haveve maintained that whenever necessary, we must speak out on matters of principle regardless of whom we please or displease within or outside the organization. mccarthy: even today, governments make big efforts to stop the united nations from investigating their human rights practices. and the question is if it didn't matter, why would they make such an investment? van boven: we do have t

never. mccarthy: it happened in el salvador and guatemala, indonesia, in ththe philippipin. we covered 15 countries in our first r report. the next year, by 1981 and 1982, we could list many people whose lives s had been saved becauause we were able to get aa cable to the government telling them that we had information that this person has been kidnapped, and they needed to release himim. and that hadad worked and still works today for many, many people. ramcharan: he was by far the greatest...

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advantage of it, cutting interest ratestoday.indonesiaexpectedto do so again. how do emerging market economies here in asia take advantage of this? >> the other thing is with emerging market bonds, developed market sovereign bonds are not giving you anything anymore. they had negative yields in many cases. bonds still have yields. orthodox monetary policies and yield curves and you don't have these boondoggles that the western developed central banks have. is on a a world which chase for yield, that is a great opportunity, in our opinion. angie: and also relatively stable currency so you can boost assets in terms of equities in that space as well. >> that is correct. in order to get a bit of an id on the way forward you have to look at the u.s. dollar. it holds the key. weaken,ollar were to that would be extremely positive for emerging markets in general. there is a good chance for the dollar not to strengthen from here because we've seen the fed do a 180 degree turn on interest rate hikes. when things that something that could be supported for emerging markets. downf: you have pinne

advantage of it, cutting interest rates today. indonesia expected to do so again. how do emerging market economies here in asia take advantage of this? >> the other thing is with emerging market bonds, developed market sovereign bonds are not giving you anything anymore. they had negative yields in many cases. bonds still have yields. orthodox monetary policies and yield curves and you don't have these boondoggles that the western developed central banks have. is on a a world which chase...

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will use the cash to make further inroads across japan, taiwan, thailand,andindonesia. thisis the biggest tech missing this year, so a pretty given thatfirst day it was priced at the top end of the trading range. one stock that has been on a crazy tear, and the magical run continues today for nintendo, .ains of over 6% this morning that's 80% since this time last thursday, taking shares back to the highest level since 2010, down to the early success of pokÉmon go. nintendo announced they would launch in the u.k. on thursday, and the street is looking at this, coming up with a formula that it can hopefully apply elsewhere. while nintendo appears to be back in fashion, it also wants to reach out to its old, loyal customer base, and that includes me. it has announced the comeback of its 1985 console, the nes, nintendo entertainment system classic edition will come with built-in games and soon be available. totendo is now trading close 200 times earnings. this time last week, the company was valued at $20 billion. it is now valued at 35 point $5 billion. -- $35.5 billion. what we doi

will use the cash to make further inroads across japan, taiwan, thailand, and indonesia. this is the biggest tech missing this year, so a pretty given thatfirst day it was priced at the top end of the trading range. one stock that has been on a crazy tear, and the magical run continues today for nintendo, .ains of over 6% this morning that's 80% since this time last thursday, taking shares back to the highest level since 2010, down to the early success of pokÉmon go. nintendo announced they...

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it can strike all over the world from bangladeshtoindonesiatoiraq, even as it loses ground in iraq and syria. more now on this from charlie d'agata. >> reporter: even under attack, isis has gone on the offensive. officials in saudi arabia are investigating the bombings in three separate cities. in iraq, they're still counting and burying the dead from the worst single terror attack that country has seen since the u.s.-led invasion in 2003. yet, largely with the help of u.s. air strikes, the militant group so-called caliphate has taken a beating in recent months. u.s. defense department estimates isis has lost almost half territory controlled in iraq and more than a third of the area held in syria. despite the battlefield setbacks, during the holy month of ramadan, isis managed to accelerate its global brand of terror by either directly organizing attacks or by inspiring suicide bombers and gunmen to kill at least 800 people around the globe. cbs news senior national security analyst, juan zurate. >> this uptick in foreign attacks is less a demonstration of reaction to losing t

it can strike all over the world from bangladesh to indonesia to iraq, even as it loses ground in iraq and syria. more now on this from charlie d'agata. >> reporter: even under attack, isis has gone on the offensive. officials in saudi arabia are investigating the bombings in three separate cities. in iraq, they're still counting and burying the dead from the worst single terror attack that country has seen since the u.s.-led invasion in 2003. yet, largely with the help of u.s. air...

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, but it is outside japan. taiwan,thailand,indonesia, that'swhere they are seeing growth rates of 80%-90%, and so that is where they will put most of their energy and their billion dollars. it was certainly a cheerful day for them. >> first of all, obviously, we are very happy with the initial response from investors. most of all, we are going to focus on investing in services. are the numbers man. tell us exactly where that investment is going to go. >> we will be focusing on key countries, japan, thailand, taiwan, and indonesia. we will be using any profits for investment opportunities. at investmentking opportunities for technology companies. betty: what might that look like ? investment, more what kind of investments are we talking about? acquisitions? organic growth? what are we talking about? >> we are making partnerships, we can make acquisitions or minor investments. betty: how important is the u.s. market going to be? it's still an important part of your business. ,if we complete our service we expect to expand to the u.s. market. the u.s., you say market is a dream for l

, but it is outside japan. taiwan, thailand, indonesia, that's where they are seeing growth rates of 80%-90%, and so that is where they will put most of their energy and their billion dollars. it was certainly a cheerful day for them. >> first of all, obviously, we are very happy with the initial response from investors. most of all, we are going to focus on investing in services. are the numbers man. tell us exactly where that investment is going to go. >> we will be focusing on...

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bayer. the company is open to further conversations. will lookatindonesia'sshrinkingrain forest. indonesia is already the world leader and forced lost -- in forests lost with the dry conditions from el niÑo making the situation more dire. nnie: the winning bidder for yahoo! may be made in a week. so far, yahoo! ceo marissa mayer is being tightlipped on the process. >> or boards independent strategic review committee, leaving a well-run and robust process continues to manage this effort and we are making great progress. while we have no announcement today, i can see that we're deep in the process of evaluating proposals and alternatives and will update shareholders as soon .s is it is prudent nejra: johnson & johnson updating its forecast with results driven by growth in the pharmaceutical division. shares of johnson & johnson have almost doubled since the start of 2010 and the company has topped earnings estimates every period since 2010. monsanto has rejected beyers latest takeover offer. the world's largest food company calls it financially. inadequate. bloomberg news has rep

bayer. the company is open to further conversations. will look at indonesia's shrinking rain forest. indonesia is already the world leader and forced lost -- in forests lost with the dry conditions from el niÑo making the situation more dire. nnie: the winning bidder for yahoo! may be made in a week. so far, yahoo! ceo marissa mayer is being tightlipped on the process. >> or boards independent strategic review committee, leaving a well-run and robust process continues to manage this...

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take jobs out of america and move themtoindonesiaormexico, or anywhere else. because the workers there get paid next to nothing! and what i told the business roundtable, the 200 biggest ceos in america, who were there to ask me why i was opposed to then tpa, and i said this. it may be that passing tpp will increase corporate profits. that is probably true. it may even be that tpp would increase, our gdp. even that may be true, although the the statistics and studies disagree. i said to them, as long as tpp reduces the wages and working conditions of american workers i will oppose it. i want to say one other thing, ladies and gentlemen. [applause] should i, should i, god willing, become the majority leader, year going to have an entirely different approach on trade! we're going to protect american workers first! and then look at the geopolitical benefits, not the other way around. [applause] so, thank you. overgoing to win this fight. we are going to win this fight. interesting thing we have some republican allies in the senate, lindsey graham and susan collins and jeff sessions h

take jobs out of america and move them to indonesia or mexico, or anywhere else. because the workers there get paid next to nothing! and what i told the business roundtable, the 200 biggest ceos in america, who were there to ask me why i was opposed to then tpa, and i said this. it may be that passing tpp will increase corporate profits. that is probably true. it may even be that tpp would increase, our gdp. even that may be true, although the the statistics and studies disagree. i said to...

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. that a fewnder markets are shot. thephilippines,indonesia, andbangladesh are closed. deal may bend and a in the works in china's financial sector. china international capital corp. and chinese investment securities are said to be in early discussions. stephen engle is joining us for that. >> the potential merger would create a financial powerhouse with about $186 billion u.s. dollars of combined assets. the structure of any potential deals have not been decided and cicc will only say in a statement that the two firms are in "very preliminary discussions on strategic cooperation and business opportunity. cicc was set up in 1995 and part by morganl -- owned stanley until sold in 2010. the investment bank has been referred to as the goldman sachs of china for its role in core ranging many mainland deals. it's brokerage ranking has slipped from number one to number 25. largest by the 17th revenue and 100% owned by china huejin investments. that owns 28% of cicc. there is already interconnectivity. 3.7% one as much as monday before closing up 1.5%. c ranks $811ic million in the hon

. that a fewnder markets are shot. the philippines, indonesia, and bangladesh are closed. deal may bend and a in the works in china's financial sector. china international capital corp. and chinese investment securities are said to be in early discussions. stephen engle is joining us for that. >> the potential merger would create a financial powerhouse with about $186 billion u.s. dollars of combined assets. the structure of any potential deals have not been decided and cicc will only say...

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expectations. ,lookingwithindonesiaataustralia, 92% likelihoodthatindonesiamoves.moving lower, lifting the tide overall. with marketngs up stories of the day, hang seng index, 22,000 points to enter a bull market. we just have to close above this level, and that is 20% from here to about their, 22,000 would make it the ninth market across the asia-pacific to enter a bull market over the last 12 months or so. thanks, david. the pboc has strengthened the yuan's daily fixing by the most in three weeks, as the u.s. dollar is rising. we are joined by emerging markets currency editor robin. robin, what is the pboc trying to achieve? doesn't make any change to markets, that expectation? rather odd, isn't it? angie: it was weakening all this time. suddenly, it seems to be very anti-the trend. been lulledts have into a sense of security where the pboc is fixing to follow the market pass moves. it seems to now be going against the market moves on the face of it. the impression is that it is trying to defend this level of 6.7 per dollar. that is quite odd, because nobody really expects that to be

expectations. , lookingwith indonesia at australia, 92% likelihood that indonesia moves. moving lower, lifting the tide overall. with marketngs up stories of the day, hang seng index, 22,000 points to enter a bull market. we just have to close above this level, and that is 20% from here to about their, 22,000 would make it the ninth market across the asia-pacific to enter a bull market over the last 12 months or so. thanks, david. the pboc has strengthened the yuan's daily fixing by the most...

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conversations. >> in our quick take today, we will lookatindonesia'sshankingrainforest. , now dryy the leader conditions from el niÑo are making the situation even more dire. vonnie: the winning bidder for yahoo! could be made in about a week. sources tell bloomberg that the quick and loan founder dan gilbert and investor capital management are the leading bidders. >> our board's's independent strategic review committee, a well-run, robust process, continues to manage this effort. we are making great progress. we have no announcement today but i can say we are deep in the of evaluating proposals and alternatives and we will update our shareholders as soon as it is prudent. >> johnson and johnson is increasing its full-year profit and sales forecast after estimates were topped with results in the pharmaceutical division. shares have almost doubled since the start of 2010 and the company has topped earnings estimates every period since the first quarter. latesto has rejected its $55 billion takeover offer. the company calls the bid financially inadequate here monsanto says it is sti

conversations. >> in our quick take today, we will look at indonesia's shanking rainforest. , now dryy the leader conditions from el niÑo are making the situation even more dire. vonnie: the winning bidder for yahoo! could be made in about a week. sources tell bloomberg that the quick and loan founder dan gilbert and investor capital management are the leading bidders. >> our board's's independent strategic review committee, a well-run, robust process, continues to manage this...

eye10

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venture inindia,indonesiaandthe philippines? what are the growth prospects there and how important is mma? >> when you look at india, we have taken our stake up recently. we have a wonderful partner in the opportunity is there in the fastest-growing economy in the region. it probably will be so for the next five to 10 years of the continues on this path. indonesia has some challenges but is coming through with that. stableines has been since the elections came up. we are optimistic about the future. there is plenty of opportunity and plenty of scope to grow the business. and havery optimistic material for many years to come. juliette: one last question. what do you think is the biggest risk as we head into the second half for aia? >> our biggest risk is if we lose concentration. we have to focus on sustainable execution. yvonne: we believe that there. i appreciate your time. still ahead, the hp takes a charge of up to $1.3 billion. details from sydney coming up next. this is bloomberg. ♪ ♪ yvonne: you are watching "daybreak asia." big movers to tell you about in japan. fujifilm

venture in india, indonesia and the philippines? what are the growth prospects there and how important is mma? >> when you look at india, we have taken our stake up recently. we have a wonderful partner in the opportunity is there in the fastest-growing economy in the region. it probably will be so for the next five to 10 years of the continues on this path. indonesia has some challenges but is coming through with that. stableines has been since the elections came up. we are optimistic...

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mother married another muslim, moving to berrytoindonesiawherehe was exposed to the islamic world, even though he did attend a catholic school in first grade. according to his half sister, barack obama attended his half brother's wedding in the '90s, malik obama was a muslim. "the factor" has attained pictures from that wedding, which we believe was held in maryland. details on the ceremony, the location, whether the reports that barack obama was the best man are very difficult to verify at this point. what we can tell you with certainty is that barack obama has deep emotional ties to islam. >> as a boy, i spent several years in indonesia and heard the call of prayer at the break of dawn and at the fall of dusk. as a young of man, i worked in chicago communities where many found dignity and peace in their muslim faith. >> now, to some extent, i can identify with president obama on the religion issue. as a roman catholic, i was appalled when the priests pedophilia scandal broke. there's absolutely no excuse for the catholic church covering up many horrendous crimes. however, like b

mother married another muslim, moving to berry to indonesia where he was exposed to the islamic world, even though he did attend a catholic school in first grade. according to his half sister, barack obama attended his half brother's wedding in the '90s, malik obama was a muslim. "the factor" has attained pictures from that wedding, which we believe was held in maryland. details on the ceremony, the location, whether the reports that barack obama was the best man are very difficult...

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because they can accelerate credit growth. the two that stand out are the philippinesandindonesia. themarket is telling us that. equity markets have rallied. the two countries that have the biggest scope for improvement. angie: that is the word from asia on the imf's latest global growth outlook. donald trump secured the republican presidential nomination with a delegate vote from his home state of new york putting him across the line. he spoke to the party convention in cleveland. haverump: together we historicrisk oral -- results with the highest vote total in history of the republican party. this is a big move, but we have to go all the way. angie: we spoke about what has been happening in the republican national convention. >> it is quite an emotional, dramatic night tonight on the second night of the republican convention. this was supposed to be a night focused on american employment, make america work again, but it is anything but that. we have heard almost nothing on the economy and unemployment. the convention did formally nominate donald trump. on the one hand, a great defen

because they can accelerate credit growth. the two that stand out are the philippines and indonesia. the market is telling us that. equity markets have rallied. the two countries that have the biggest scope for improvement. angie: that is the word from asia on the imf's latest global growth outlook. donald trump secured the republican presidential nomination with a delegate vote from his home state of new york putting him across the line. he spoke to the party convention in cleveland....

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we will talk about pokemon go, one not? -- why not?sincestingly,indonesiayesterdayhas been cracking down on the game. the latest one, this is out of jakarta this morning, the presidential palace in indonesia has imposed a ban on staff and visitors playing the game inside the presidential palace. involves playing the game or searching for pokemon. they will be prohibited within the palace. that is according to the jakarta post. the stocks, we will talk about them in a bit. nintendo up 4% after a drop yesterday. mitsubishi raising price targets to a street high of 40,300. another 11,000 right now. and what is interesting to my mitsubishi has boosted the price because they have switched , so verys methods interesting to see that changing. when you look at a company like nintendo -- and they say the best case scenario for this is that they raise their stakes in the codeveloper of the game. sayingd case, they are no change, but there will be a positive impact on the business. and mcdonald's over the last 48 hours, saying they will be collaborating with a few months of as a partn

we will talk about pokemon go, one not? -- why not? sincestingly, indonesia yesterday has been cracking down on the game. the latest one, this is out of jakarta this morning, the presidential palace in indonesia has imposed a ban on staff and visitors playing the game inside the presidential palace. involves playing the game or searching for pokemon. they will be prohibited within the palace. that is according to the jakarta post. the stocks, we will talk about them in a bit. nintendo up 4%...

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this excitement be sustained? >> markets like taiwan,japan,indonesia, thetop market is sticky. that is what we see investor interest momentum going and to the listing. the question is if that's can continue. there is scarcity, being one of ipofew and biggest tech this year. when it comes to u.s. investors, they can be tackle when it comes -- can be fickle when it comes to social platforms. can they expand in asia, as they said, and do they have opportunities in other markets, like the u.s., where they don't have the penetration other apps do. raised $1 billion in the ipo, what will you do with the money? >> first of all, obviously, we are very happy. it is a great responsibility at the same time. most of all, we're going to focus on investing and expanding our services. citi and wells fargo reported falling profits for the second quarter. citi, what did you take from their earnings report? and jph respect tociti morgan, no news is good news. in testers were worried about the effect of the brexit. the first quarter saw increase in credit losses. there was a little bit for you a

this excitement be sustained? >> markets like taiwan, japan, indonesia, the top market is sticky. that is what we see investor interest momentum going and to the listing. the question is if that's can continue. there is scarcity, being one of ipofew and biggest tech this year. when it comes to u.s. investors, they can be tackle when it comes -- can be fickle when it comes to social platforms. can they expand in asia, as they said, and do they have opportunities in other markets, like the...

eye14

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coming up, breaking downbarriers.indonesiaisseeking to lower investors by cutting red tape. we will have a look at how that could boost the economy. ♪ >> take a look at indonesian stocks and bonds. $9 billion in combined inflows this year alone. we saw the inflows in indonesia, even on the day after the brexit vote, the day we saw massive outflows in the global financial market. the jci ended in a bull market at the end of june. it's up 13% year to date through the rupiah, up 5%, third-best performer in asia. yes, confidence the amnesty law will bring back money, including the $200 billion believed to be stashed in the lion city. here's what the finance minister has to say. take a listen. >> we have a strong case. terms -- what in we have on is revived our economic growth. we are trying to revive economic growth by trying to attract more capital inflow. 240 million people in indonesia, only 28 million registered taxpayers. the amnesty law is a way to boost revenue and gdp. what is indonesia saying about reversing what is going on with growth? you can't rely on this to be the

coming up, breaking down barriers. indonesia is seeking to lower investors by cutting red tape. we will have a look at how that could boost the economy. ♪ >> take a look at indonesian stocks and bonds. $9 billion in combined inflows this year alone. we saw the inflows in indonesia, even on the day after the brexit vote, the day we saw massive outflows in the global financial market. the jci ended in a bull market at the end of june. it's up 13% year to date through the rupiah, up 5%,...